Wisdom Tree has canceled its submission request for the Ethereum Trust S-1 registration, filing a withdrawal request on September 6.
Amid strong criticism for the Ethereum blockchain and its underperformance this year, VanEck head of digital assets – Matthew Sigel – has come out defending the network while citing its strong economic model. The ETH price has also been subject to criticism failing to show enough traction even after the launch of the spot Ether
A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm's strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year.
On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT). According to the official release, shareholders will have the opportunity to sell their shares on the fund's listing exchange until market close on September 16, 2024.
Bitcoin-based DeFi applications are gaining momentum, raising the possibility that they could surpass Ethereum's dominance in terms of total value locked (TVL) within the next two years. This emerging trend reflects Bitcoin's growing role in DeFi, challenging Ethereum's long-standing supremacy.
WisdomTree has requested to withdraw the WisdomTree Ethereum Trust S-1 filing with the SEC, initially submitted in May 2021.
Vitalik Buterin reveals he hasn't invested in L2 tokens, aiming to fund charitable projects rather than profit from the Ethereum ecosystem.
Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000.
The Ethereum Foundation is selling again, but what does the market think about this?
WisdomTree has requested to withdraw its Ethereum Trust registration filing with the SEC while asking to apply the fees as a credit for "future use."
Ethereum developers convened for ACDC call #141 to discuss updates to the Pectra upgrade and issues related to proof computation for home stakers.
VanEck is making a change to its list of ether ETF offerings.
The recent crypto market crash has fueled fresh concerns among investors, especially after the recent US Job data cemented bets over a potential 0.5% rate cut by the US Fed. The US stock market has also noted gloomy trading today, while the crypto sector also moves in tandem with it.
On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting.
Bitcoin, Ethereum, and nearly every other major coin and token has taken a battering over the past 24 hours as investors fast sell risk assets.
Vitalik Buterin takes a major stance on how he will support Layer 2 projects going forward.
The bitcoin price has dropped below a key resistance level as the crypto market crashes under $2 trillion
What do the latest Ethereum Foundation's on-chain actions reveal about the largest PoS coin's future prospects?
Cryptocurrency markets are trading lower as Bitcoin and Ethereum ETFs continue to witness significant outflows. In his latest live session on X, Fred Krueger titled his discussion "The thrill is gone.
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement.
This week's Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX's repayment plan.
Market sentiment, as measured by crypto options metrics, are decisively bearish in the near term, says Bybit and Block Scholes.
Shareholders will be able to sell their EFUT shares until September 16, 2024. The ETF will be delisted and trading will cease after this date.
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
Bitcoin ETFs are facing a turbulent period, experiencing their worst performance streak since late April. Despite strong inflows in August, the momentum has shifted dramatically as spot Bitcoin ETFs have recorded consistent outflows over the past six consecutive days.
Ethereum might have potential for a higher price, despite ETF concerns and market consolidation.
A widely followed crypto analyst is suggesting that Ethereum (ETH) is reaching a decision point. Crypto trader Michaël van de Poppe tells his 724,400 followers on the social media platform X that ETH's next move depends on how it trades against Bitcoin (ETH/BTC). “ETH remains to be in an indecisive state of mind.
Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Hong Fang of OKX breaks down crypto's recent slide and whether institutional investors are sticking to the sidelines.
Nearly two years after “The Merge” at Ethereum's blockchain — the transition to a proof-of-stake consensus mechanism from a proof-of-work setting — investors in ETH who hoped the pivotal upgrade would provide a financial lift have been left with shrinking returns on investment. Ether's price has underperformed Bitcoin (BTC), BNB, and even Solana (SOL) since the September 15, 2022 merge day.
The firm will liquidate its futures investment product two months after launching its spot Ethereum ETF.
The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield. PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday.
Global investment management firm VanEck has decided to close and liquidate its Ethereum (CRYPTO: ETH) futures ETF (EFUT). What Happened: The board of trustees of VanEck ETF Trust has given the green light to dissolve the VanEck Ethereum Strategy ETF (EFUT) on the CBOE exchange.
While spot Ethereum ETFs have so far seen significant outflows, JP Morgan analysts highlight why a Bitcoin comparison is "apples to oranges."
NEIRO has experienced an explosive rally, jumping over 100% to a high of $0.176, following the announcement of NEIROETH perpetual futures listings on major exchanges Binance and OKX.
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
The world of cryptocurrency is constantly evolving, and while giants like Ethereum (ETH) continue to dominate, new opportunities in niche markets, such as meme coins, are emerging. One such opportunity that has been catching the eye of investors, including a prominent Ethereum millionaire worth $21.
EFUT shareholders have until the market closes on Sept. 16 to sell their shares, and the fund's liquidation date is set for Sept.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Ethereum (ETH) has been grappling with a persistent downtrend over the past few weeks. The cryptocurrency has faced mounting pressure, with its price falling by 4.5% in the last 24 hours, bringing it to $2,399.
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Investment firm VanEck intends to close its ether futures ETF nearly a year after launching it, the company said Friday.
VanEck has announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF), with the final trading day set for Sep. 16, 2024.
EFUT held $21.24 million in total net assets and maintained a NAV of $20.23 as of Sept. 5.
Ether liquidity has plummeted 20% since the debut of nine Ethereum ETFs on July 23. Despite Bitcoin's success with spot ETFs earlier this year, the Ethereum market didn't experience the same.
VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE. The Ethereum (ETH) ETF fund (ticker symbol ‘EFUT') will cease trading after the market closes on Sept.
It was a sea of red in the crypto and stock markets on Friday, Sep. 6, as the market reacted to the mixed U.S. nonfarm payrolls report. Bitcoin (BTC) crashed to $53,000, its lowest point since Aug.
The leading investment management firm, VanEck has disclosed its plans to cease and liquidate its Ethereum ETF Futures (EFUT). This marks a major setback for ETH price, which was already going through a volatile trading phase amid a broader market downturn.